Redistribution within the firm comes from switching to a VAT with credits to the paying firm for dependents - which are paid to employees explicitly as part of salary. This will causes firms to change their salary structures somewhat, but not as much as you would think. Employee-ownership will do
On Thursday 28 Aug 2003 8:24 pm, William wrote:
It is the reverse of a sales tax
except it is not charged against tax collections but
is charged against the National Credit Account.
---
Jessop here:- The National Credit Account could simply pay an amount over to
Revenue to
Inserted comments [comments 08-29] below:
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On Thursday 28 Aug 2003 8:24 pm, William wrote:
It is the reverse of a sales tax
except it is not charged against tax collections
but
is charged against the National Credit Account.
---
Jessop here:- The National Credit Account
I assure you, the incomes of the rich are increasing. Their taxes could be raised in order to pay off the national debt.
By government profit, I do mean a surplus - although profit is the correct term if social services and education are spun off to faith based organizations and income
The question still remains, who won't be benefiting from money creation if it is shifted to social credit?
Is it bond traders or perhaps the federal treasury? How will it impact the economy to not use credit to create money?
It would seem to me that while the federal debt is in place, it would
On Wednesday 27 Aug 2003 8:50 pm, Bill wrote:
The National Credit Account carries a balance
available to fund dividends that is estimated to be
the totality of latent productive capacity.
Bill,
With all the national statistics produced monthly, quarterly, yearly, is there
a short way by
Some comments [comment 08-28] are inserted below:
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The question still remains, who won't be benefiting
from money creation if it is shifted to social
credit?
Is it bond traders or perhaps the federal treasury?
How will it impact the economy to not use credit to
create money?
***This could be done selectively as well,
penalising luxury goods and subsidising essential
basics.***
You could but it would mire you in endless debate and
require complicated bureaucracy for enforcement.
Penalizing luxury goods and subsidizing essential
basics is not the purpose of the
and how does money get into the national credit account? Further, what is done about the hording of B funds?
***and how does money get into the national credit
account? Further, what is done about the hording of
B funds?***
Keep in mind that the banking system as a whole, to
the extent it can be considered to be one big bank
with many branches--has what is tantamount to an
unlimited overdraft
Pretend my degree is in public policy and finance rather than in banking (which is in fact true). What actions happen on what date by whom to distribute the national credit?
Let me venture a guess and you can tell me if I am correct.
Sept 15: Federal Reserve estimates amount to be distributed to
Something like that; it is certainly not rocket
science.
First of all, we have to address the concerns of the
skeptics, so the checks would have to be very modest
in the beginning. Perhaps $100 or $25. That can be
increased gradually as time goes on with increasing
political acceptance.
***Doesn't this make the creation of money, to some
extent, a Ponzi scheme - which crashes down when too
many bad loans are made (such as for the creation of
the dot.coms)?***
Not from what I said in that particular post. Ponzi
finance means you are borrowing merely to pay earlier
loans.
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